Economy

American businesses bear the loss of chip ban: experts Intel has reportedly secured a license to continue to sell to Huawei amid an intensified US crackdown on the Chinese chip industry, according to media reports on Tuesday, a move that shows the US is imposing targeted restrictions to contain China’s chip development in an effort to limit the impact on …

The business performances of foreign-invested companies in China are particularly impressive. Those that have been operating in China are making expansion plans, while more and more foreign companies are coming to invest and settle in the Chinese market to seize growth opportunities. Analysts on Tuesday attributed the attractiveness to China’s huge market, continued opening-up policy and improved business environment. US-based multinational …

Why shouldn’t people trust The Wall Street Journal (WSJ) reports on China’s economy? Because if they do, then they are likely to fall into a cognitive trap that often leads to wrong judgment, missing out on the opportunity to benefit from China’s growth dividends. It is no secret that Western media outlets have largely lost the ability to objectively assess …

TikTok is in the spotlight once again, as German Chancellor Olaf Scholz was quoted by media outlets as saying that he wants the government to open an account on the Chinese video-sharing app. It is hoped that Western economies can take this as a chance to promote positive interactions with TikTok and foster a fair, transparent and predictable environment for …

The National Bureau of Statistics on Thursday released the Statistical Communique of China on the 2023 National Economic and Social Development, providing a comprehensive analysis of China’s national economic and social development in 12 parts. While some attention-grabbing data, such as the 2023 GDP of over 126 trillion yuan ($17.51 trillion) and growth rate of 5.2 percent, had been previously …

Galkot (Baglung), March 1: Finance Minister Dr Prakash Sharan Mahat has said the country’s economy has started catching its pace. During a programme organised by the Nepali Congress (NC) Baglung today, the Minister said the government is focused on ensuring a sustainable improvement in economy. He added that economic indicators suggest that economy is recovering. According to him, when he …

The news that Chinese electric vehicle (EV) giant BYD Co is in contact with the Italian government about building a second factory in Europe has attracted widespread attention. Despite the growing protectionist climate in Europe, the Chinese and European EV industry chains don’t have to resort to confrontation. There’s still the potential to strengthen cooperation to bring more opportunities for …

US companies are welcome to continue to invest in China and cultivate the Chinese market to share development opportunities, Chinese Premier Li Qiang said on Wednesday when meeting a US business delegation in Beijing, stressing that “decoupling” and the “small yard and high fence” approach are not in the fundamental interests of both sides. During his meeting with the US …

China’s Ministry of Foreign Affairs and Ministry of Commerce (MOFCOM) vowed on Monday in separate statements to take the “necessary measures” to firmly safeguard the legitimate rights and interests of Chinese companies, in response to some  Western countries’ latest sanctions against Chinese companies for alleged involvement with Russia. Chinese Foreign Ministry spokesperson Mao Ning said on Monday that on the …

China-Australia trade ministers’ meeting to support closer trade ties China’s Minister of Commerce Wang Wentao met with Australian Trade Minister Don Farrell on Monday, noting that the two countries should create a favorable environment for business cooperation of the two countries, as bilateral relations have continued to improve with stable economic and trade cooperation under the strategic guidance of the two …